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The Camp and Woolsey wildfires in California will likely cause between $9 billion and $13 billion in insured losses, catastrophe modeler RMS concludes in a new estimate. That breaks down to $7.5-$10 ...
The most destructive wildfires in California's history have killed at least 31 people and forced tens of thousands more to evacuate as firefighters struggle to gain control amid swirling winds. The ...
AXIS Capital Holdings Ltd. announced a preliminary pre-tax loss estimate for Hurricane Michael in the range of $100 million to $120 million, which will affect its fourth-quarter financial results. ...
Zurich Insurance posted a 2 percent rise in nine-month property and casualty premiums and confirmed its financial targets on Thursday despite a hit from larger-than-expected natural catastrophe ...
Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of "cat bonds" has climbed to more than $11 billion this year, about the same as this time in ...
Commercial property insurers are pursuing double-digit rate hikes in the wake of 2017's historic natural catastrophes and the $143 billion in global estimated insured losses they caused. But ...
Insurance claims from last year's deadly California wildfires have reached $11.8 billion, making it the most expensive series of wildfires in state history, an official said Wednesday. The staggering ...
Chubb ended 2017 in relatively solid shape, challenged by wildfire-related catastrophe costs but buttressed by a one-time gain from the Trump tax cuts. The insurer booked $1.5 billion in net income, ...
Fourth-quarter natural catastrophes took a toll on XL Group Ltd.'s bottom line, and the new Trump tax cuts will also cause some temporary pain, based on revised estimates from the Bermuda-based ...
Navigation apps like Alphabet Inc.'s Waze, which can do wonders directing drivers through traffic, backfired for some motorists trying to maneuver around the wildfires that are raging across Southern ...
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